The Indian market closed in the red for the second consecutive day on Friday. The BSE Sensex fell nearly 200 points, while the Nifty50 closed below the 23,600 levels.
RBI’s 25-bps rate cut, its first in five years, pressures private banks’ NIMs while public banks remain stable. NBFCs may see funding relief, but liquidity
Tech view: Nifty formed a red candle on the daily chart, signalling weakness, but found support near the 21-day simple moving average (DSMA) at 23,290.
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